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【$EDGE Signal】Pullback to buy, main force clearly intends to support
$EDGE 1H level rebound and fall back, RSI soared to 80.57, 4-hour chart has broken out of the upper Bollinger Band, short-term overbought. However, the 4-hour MACD fast and slow lines are still widening, indicating trend momentum is not exhausted. The area from 0.829 to 0.850 below is a resonance zone where the 1-hour EMA20 and previous breakout structure align, with deep buying interest and clear support from funds.
🎯Direction: Long (buy on pullback)
⚡Entry/Order: 0.829 - 0.850
🛑Stop Loss: 0.770
🚀Target 1: 1.169
🚀Target 2: 1.328
🛡️Trade Management:
- Execution Strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back into the entry zone, automatically exit to protect capital.
Position size remains stable, and after a significant price surge, there is no panic selling, indicating strong support from the main force. Market data shows sparse sell orders around 0.95, with a vacuum above resistance levels. Once a pullback confirms support, it can easily trigger a secondary rally. The current risk-reward ratio exceeds 4, making this a highly cost-effective setup.
View real-time market 👇 $EDGE
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#Gate广场四月发帖挑战 #三月非农数据来袭 #加密市场行情震荡